On Monday 25th March 2019, on the event of an official go to to France by Xi Jinping, the President of the People’s Republic of China, EDF signed an settlement establishing the partnership with the Chinese energy utility China Energy Investment Corporation (CEI), searching for to collectively ship two offshore wind energy initiatives in China. The Dongtai IV and V offshore wind farms account for a complete put in capability of 500 MW and would be the EDF Group’s first offshore initiatives in China.
The cooperation settlement signed with China Energy Investment, a number one industrial participant on China’s electrical energy market, considerations EDF’s acquisition of a stake within the Dongtai IV and V offshore wind initiatives, situated off the coast of Jiangsu Province north of Shanghai. The Dongtai IV projet is at the moment being constructed; the development of Dongtai V is scheduled to start in 2019. Subject to the signing of the ultimate contracts, each companions will construct and function a complete put in capability of 500 MW, which will likely be steadily commissioned by 2021.
With three.eight GW of offshore wind capability already in operation, China is a promising market which ought to proceed to develop shortly and account for almost one half of the worldwide fleet by 2030 with 50 GW in operation.
(Source: EDF)

The submit EDF GAINS FOOTHOLD ON CHINA’S WIND MARKET appeared first on Energy Global News.

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